Best Egg Personal Loans: Rates, Fees, Eligibility and Alternatives
Unsecured loan terms: Best Egg personal loans offer annual percentage rates (APRs) of 6.99% to 35.99% on $2,000 to $50,000, with terms of 36 or 60 months and an origination fee.
Secured option: Homeowners may qualify for a loan backed by certain permanent home fixtures, which serve as collateral, so review the secured-loan agreement carefully.
Funding speed: Funds may arrive as soon as the next business day, but approval and verification can take one to three business days.
Best Egg is an online lender offering unsecured personal loans from $2,000 to $50,000. It also offers a secured loan for homeowners that uses certain permanent home fixtures, not the home itself, as collateral. Best Egg advertises APRs from 6.99% to 35.99% for unsecured loans, with repayment terms of 36 or 60 months. Your actual rate, fee and loan terms depend on your application and approval.
Compare the full cost of a loan, including any origination fee and the amount you'll receive after fees. Our guide to personal loans explains how these loans work and what to compare.
Best Egg Personal Loan Rates and Terms
Best Egg's advertised terms differ by loan type. The rates below are ranges, not firm offers. Best Egg says an origination fee is included in the APR and deducted from your loan proceeds, so the fee can reduce the amount deposited into your account.
Feature | Unsecured personal loan | Secured personal loan |
|---|---|---|
Loan amount | $2,000 to $50,000 | $5,000 to $50,000 |
Advertised APR | 6.99% to 35.99% | 5.99% to 29.99% |
Repayment term | 36 or 60 months | 36 to 84 months |
Origination fee | 0.99% to 9.99%, at least 4.99% for terms of 48 months or longer | 1.49% to 8.99%, at least 4.99% for terms of 48 months or longer |
Collateral | None | Eligible fixtures permanently attached to a home, not the home itself |
A lower advertised APR does not mean every borrower will qualify for that rate. Before accepting an offer, compare the APR, origination fee, net proceeds, monthly payment and total repayment amount. Best Egg says it doesn't charge a prepayment penalty, but check the loan agreement for the terms that apply to your offer.
For broad market context, the Federal Reserve reported an average rate of 11.9% on 24-month personal loans at commercial banks in August 2026. That figure isn't a direct comparison with Best Egg's full advertised range, because the loan terms, borrower profiles and data sources differ.
Pros and Cons of Best Egg Personal Loans
Pros | Cons |
|---|---|
Predictable payments: Fixed-rate loans keep your monthly payment steady. | Fee reduces proceeds: The origination fee is deducted from your proceeds, so you may receive less than you borrow. |
No collateral on the unsecured loan: The unsecured option doesn’t require you to pledge an asset. | Limited unsecured terms: Terms are 36 or 60 months, which may not fit borrowers who want a shorter term. |
Lower-rate secured option: Eligible homeowners may see a lower advertised APR. | Collateral at risk: The secured option puts eligible home fixtures at risk if you don’t repay as agreed. |
No prepayment penalty: Best Egg says it doesn’t charge one. | High rate ceiling: Advertised APRs reach 35.99%, and the lowest rates aren’t promised. |
MoneyLion offers a service to help you find personal loan offers. Based on the information you provide, you can get matched with offers for up to $100,000 from our top providers. You can compare rates, terms and fees from different lenders and choose the best offer for you.
Best Egg Personal Loan Eligibility
Best Egg evaluates applications individually. Your credit history, income, existing debt, loan amount and repayment term may affect whether you qualify and the offer you receive. Best Egg doesn't promise approval or a particular APR based on a single credit-score threshold.
The secured option is for eligible homeowners and uses certain permanent fixtures attached to the home as collateral. Availability and loan terms can vary, so review the disclosures for your state and application before proceeding.
You can check for an offer using a soft credit inquiry. If you continue with a full application, Best Egg may request additional information and perform a hard credit inquiry. Prequalification isn't a promise of approval or final terms.
How Best Egg Compares With Upgrade and LendingPoint
The table compares published unsecured-loan ranges. An advertised range is not an offer, and each lender may set different rates and fees based on the applicant and loan details. For a wider view, see our list of the best banks for personal loans.
Lender | Loan amount | Advertised APR | Repayment terms | Origination fee |
|---|---|---|---|---|
Best Egg | $2,000 to $50,000 | 6.99% to 35.99% | 36 or 60 months | 0.99% to 9.99% |
Upgrade | $1,000 to $50,000 | 7.74% to 35.99% | 24 to 84 months | 1.85% to 9.99% |
LendingPoint | $1,000 to $36,500 | 7.99% to 35.99% | 24 to 72 months | Up to 10% |
Upgrade's lowest advertised rates require automatic payments and using part of the loan to pay off existing debt directly. Check each lender's current disclosures, and compare offers for the same loan amount and repayment period. Our Upstart personal loans review is another lender comparison to consider.
How To Apply for a Best Egg Personal Loan
Check your rate: Review the available offer through Best Egg's prequalification process. A soft inquiry doesn't affect your credit score, but prequalification doesn't promise final approval.
Compare the details: Look at the APR, origination fee, net proceeds, monthly payment, repayment term and total amount you would repay.
Complete the application: If you choose to proceed, provide any requested income, identity or banking information. A hard credit inquiry may be required.
Review and accept the agreement: Confirm the final terms and payment schedule before signing. Best Egg says funding can take one to three business days after successful verification, and some borrowers may receive funds sooner.
Ready to see your options? You can compare personal loan offers from several lenders in one place.
Is Best Egg Legitimate?
Best Egg is an online lending platform. Its personal loans are made by bank partners, including Cross River Bank and Column N.A., and its secured loans are made exclusively by Cross River Bank. Review the lender and loan disclosures, including fees and collateral requirements, before you accept an offer.
The Bottom Line
Best Egg can be a solid choice if you want a fixed-rate unsecured loan from an established online platform, and homeowners who qualify for the secured option may see a lower advertised APR on that loan. Unsecured loans run from $2,000 to $50,000 with APRs of 6.99% to 35.99% and terms of 36 or 60 months.
Watch the origination fee, which is deducted from your proceeds, so the amount deposited is smaller than the amount you repay. The secured option can lower your rate, but it puts eligible home fixtures at risk if you don't repay as agreed. Best Egg says it doesn't charge a prepayment penalty.
Before you accept, compare the APR, origination fee, net proceeds, monthly payment and total repayment against at least two other lenders like Upgrade and LendingPoint. The best loan is the one with the lowest total cost you can comfortably repay, not the one with the lowest advertised rate.
Key Terms
Annual percentage rate (APR): The yearly cost of borrowing expressed as a percentage. It may include the interest rate and certain fees, such as an origination fee.
Origination fee: An upfront fee for processing a loan. Best Egg deducts it from your proceeds, so the amount you receive can be lower than the amount you borrow.
Unsecured loan: A loan approved on your creditworthiness and income, with no collateral.
Secured loan: A loan backed by collateral. Best Egg's secured option uses certain permanent home fixtures, not the home itself.
Prequalification: An initial review that can show whether you may qualify and what terms might be available. It is not a final approval.
Prepayment penalty: A fee for paying off a loan early. Best Egg says it doesn't charge one.
Direct Pay: A Best Egg feature that can send debt-consolidation funds to participating creditors.
Sources
LendingPoint: Trusted and Transparent Personal Loans
Federal Reserve: Consumer Credit - G.19
Parts of this article were created with AI assistance. MoneyLion editors reviewed, fact-checked and edited the final version and are responsible for its accuracy.
FAQs
Best Egg doesn't promise approval based on a particular credit score. It evaluates each application using the borrower's full financial profile, and the advertised lowest APR is not available to every applicant.
Best Egg says funding generally takes one to three business days after it verifies your application and banking information. Some borrowers may receive funds as soon as the next business day, but the timing isn't promised.
Best Egg says it doesn't charge a prepayment penalty. Check your loan agreement for the payoff process and any terms that apply to your specific loan.
Best Egg offers personal loans that borrowers may use for eligible debt consolidation. Its Direct Pay option can send funds to participating creditors when available, so confirm which debts and creditors qualify before applying.
Best Egg's secured loan uses certain permanent fixtures attached to a home as collateral. The home itself isn't the collateral, but the fixtures may be at risk if you don't repay the loan as agreed.
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